Since 63% of employees would be unable to cover a $500 emergency, employer-sponsored emergency savings accounts are now the number one benefit that employers need to offer, recommends a new study.
Employers have a significant role to play in providing the necessary tools, resources, and education to navigate these financial pressures, ultimately improving decision-making in both areas of health and wealth, says a new survey.
Employee Fiduciary, a small business retirement plan advisory, called on the DOL to make fees more transparent for plan participants, in response to a feedback request on its new SECURE 2.0 Reporting and Disclosure requirements.
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